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NRB-IBC Bearings ceases to be WOS of NRB Industrial Bearings

09 Jan 2014 Evaluate

NRB-IBC Bearings has ceased to be wholly-owned subsidiary (WOS) of NRB Industrial Bearings. The board of director at its meeting held on November 12, 2013 has taken note of it.

NRB Industrial Bearings is a group company of NRB Bearings and came into being having demerged from the parent company, from October 1, 2012 for manufacture and sale of bearings for various industrial applications.

Peers
Company Name CMP
Schaeffler India 3672.15
Timken India 2890.80
SKF India 1449.40
NRB Bearings 490.65
Menon Bearings 282.45
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